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20130101
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KOFY 2
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KOFY
Dec 29, 2012 9:00pm PST
write a comprehensive budget bill in time. they are thinking of a fall back plan. >> president obama is urging congress to focus. >> i'm optimistic that an agreement can be achieved. >> at the white house friday the president and congressional leaders spent some 70 minutes in a negotiating session and agreed to keep talking. >> it was constructive. >> it was constructive. >> i'm hopeful and optimistic. >> as snow fell on mostly deserted washington, two sides continued bargaining. if there some on deal, president obama wants smaller bill extending tax cuts making $250,000 or less and continuing unemployment benefits for millions that will lose them. >> i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> we can still avoid going over the fiscal cliff if the president and democratically controlled senate step forward to solve this problem and solve it now. >> frustration over the impasse runs from wall street where the dow is down 400 points to main street. >> this is america. they should be working for the
KOFY
Dec 28, 2012 9:00pm PST
. and uc health system could face 21 million in cuts from the loss of medicare revenue. after today white house meeting nancy pelosi said she was encouraged a little. >> but it was constructive and candor is constructive and i think it moved us forward. well see. >>reporter: republicans blame president obama for the collapse of a bigger deal which would have cut spending and reduce the debt. >> it is the president's responsibility to layout a plan and to bring people together. >>reporter: tonight senate majority leader reid and senate republican leader mcconnell agreed to spend the weekend working on plan that will be able to pass both chambers of congress. in assessing the impact of the cuts we relied on the study from george mason university taking a broad look at where the cuts would come. drill down into specifics we call head start program. we called health care centers and laboratories and anybody who would rely on federal money this might be cut and what we were told universally is that nobody really had an idea of which programs would be cut and which programs would be spared.
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